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Byron Products has a favourable materials price variance. Which of the following would be the least likely reason for this variance? Group of answer choices
Byron Products has a favourable materials price variance. Which of the following would be the least likely reason for this variance?
Group of answer choices
The companys employees were more efficient with the use of their production time.
The company took advantage of purchase discounts from their suppliers.
The company overbudgeted the standard price for materials.
The company purchased a substandard material at a cheaper price.
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